GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Climb 7.7% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares traded up 7.7% on Wednesday. The company traded as high as $63.96 and last traded at $63.8180. 1,615,003 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 7,555,575 shares. The stock had previously closed at $59.27.

GraniteShares 2x Long AMD Daily ETF Stock Up 7.6%

The company’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $56.30.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Several institutional investors have recently added to or reduced their stakes in AMDL. Thrive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $238,000. Balboa Wealth Partners acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $122,000. Client First Investment Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $1,097,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $524,000. Finally, IMC Chicago LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000.

About GraniteShares 2x Long AMD Daily ETF

The GraniteShares 2x Long AMD Daily ETF (AMDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDL was launched on Mar 4, 2024 and is issued by GraniteShares.